Course Outline - Business Administration Program: Year 1
MATH 117 Business Math
Brief Course Description
This course is designed to provide students with knowledge of the fundamental principles and concepts of business mathematics, and to develop their abilities to apply these principles and concepts to solve practical business problems, particularly in marketing and in finance. This course includes a lab component to analyze business math problems with spreadsheets.
On completion of the Unit the candidate will be able to:
- Calculate cost, pricing, and profit using ratios and percentages and other calculations related to purchasing and retailing transactions.
- Calculate problems related to debt and investments using simple and compound interest methods.
- Calculate present value, future value, interest rate, time and payment using formulas, financial calculator functions and spreadsheets.
- Analyze debt repayment using amortization techniques.
- Calculate the expected profitability of an investment proposal.
- Understanding of spreadsheet concepts including absolute and relative cell referencing, financial functions, what-if analysis, vlookup, if statements and graphing.
- Design spreadsheet templates to solve real world financial scenarios.
Required course materials*
S. A. Hummelbrunner; Kelly Halliday; Ali R. Hassanlou; K. Suzanne Coombs, Contemporary Business Mathematics with Canadian Applications, Loose leaf version plus MyLab Mathematics with Pearson , 12th Edition- Access Card Package, 12/e ISBN: 9780136651147
The Course Duration is 64 Hours
Course Homework Hours will be 10 hours per week approximately.
Indicate how the course is delivered:
X In-class instruction
- Distance education
- Combined delivery (both in-class and distance)
Teaching Methods will Involve Seminar Format, Lecture format and Laboratory Format depending upon the course demand
Method(s) of Student Evaluation*
|Type of Assessment
A Candidate has to attain a minimum score of 50% overall to ensure successful course completion